NSFAS Banking Details

NSFAS Banking Details

If you’re a student getting funding from NSFAS, you probably know how essential it is to have the right banking details so your money doesn’t get delayed. These days, NSFAS doesn’t pay allowances straight into your personal bank account. Instead, they use different companies — like eZaga, Coinvest, Norraco, and Tenet Technologies — to handle student payments. Each college or university is linked to a specific payment partner, so you’ll need to register and verify your account with the right one.

When your details aren’t updated or correct, it can cause a lot of frustration because your payments might be late. Once your funding is approved and you’ve finished signing up with the payment partner, you’ll start receiving your monthly allowances. These payments cover essentials like food, rent, transport, and study materials. To avoid any issues, always double-check that your personal information matches what NSFAS and your school have on file.

As part of NSFAS’s digital transition, all NSFAS recipients at universities and TVET colleges will begin getting and transacting with the NSFAS bank card.NSFAS has created a step to accommodate the ever-increasing number of beneficiaries and ensure that allowances are received safely through the new bank account. It’s also really important to keep your login and banking details safe — never share them with anyone. Whether you’re just starting or need to update your details, this guide is here to help you through each step. Keep reading, and you’ll learn exactly how to register, update your NSFAS banking details, and make sure you get your allowances without any hassle.

Learn more: How Often Does NSFAS Pay For Tuition Fees 2026

How to Give Your Banking Details to NSFAS

Students who receive NSFAS funding, even those at TVET colleges, have to share their banking details to get their payments. You can usually submit this information by logging into your myNSFAS account.

NSFAS Banking Details 2026

NSFAS and FNB finalized their collaboration, with FNB becoming the NSFAS funds’ official disbursement agency. The goal of this collaboration was to make the cash payment process more effective, faster, and secure. NSFAS Bank details are provided below;

Name of Account: NSFAS
Branch Code: 210554
Bank: First National Bank
Account Number: 500 600 28203

 Note: Please use your ID Number (6711165000000) as a reference when making payments

Debit Order

If you don’t want to worry about remembering to pay your NSFAS loan every month, this is a good option for you. Just complete the electronic debit order form and submit it.

 Note: Complete this  form and email it back to collections@nsfas.org.za

Salary Deduction

Your employer can deduct your income and pay it over to NSFAS.  Please print and complete the form and submit it to your employer.

Steps To Send NSFAS Bank Details And Receive Allowance for 2026

• Visit “www.nsfas.org.za” and click on the “myNSFAS portal” section.
• Log in using your myNSFAS account username and password.
• Once logged in, click on the “bank account details” option under the ‘Profile Information’ section.
• Fill in your banking details from a bank of your choice.
• Click on the “save” button.
• NSFAS will verify the submitted banking details with your bank for successful submission.

NSFAS Bank Account for Repayments

If you have to repay NSFAS, you’ll need to use the designated banking details. Always include your ID number as the reference so your payment is correctly recorded.

Learn more: Do We Pay Back NSFAS?

Repayment Bank Information

If you would like to do an EFT each month, these are our bank details.

Name of Account: NSFAS
Branch Code: 210554
Bank: First National Bank
Account Number: 500 600 28203
Please use your ID Number (6711165000000) as a reference when making payments

Contact Details for NSFAS

For general and student enquiries:

For all other queries regarding students:
Tel No.: 08000 67327
Email: info@nsfas.org.za

NSFAS pays for tuition, housing, and allowances by transferring money right into students’ bank accounts. To guarantee on-time payment, accurate information is required. Visit the official website of NSFAS for more information.

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